Every US president promises their voters a bright economic future. Former President Donald Trump will be remembered for his loud campaign slogan "Make America Great Again". Therefore, newly elected President Joe Biden is no exception
Biden's plan to revitalize the economy was widely advertised during the election race. After Biden’s victory, few have doubts that this plan will be adopted. So, analysts are trying to figure out how this rescue plan will actually help the US economy.
"Our work begins with getting COVID under control. We cannot repair the economy, restore our vitality, or relish life’s most precious moments — hugging a grandchild, birthdays, weddings, graduations, all the moments that matter most to us — until we get this virus under control," Joe Biden pinpointed.
As part of the fight against the spread of the coronavirus, the Biden administration is pledging to take the pandemic under control as soon as possible. President-elect Joe Biden promised to deliver 100 million vaccinations in his first 100 days in office. He also promised to “move heaven and Earth” to get things moving in the right direction as it will help to remove numerous restrictions. For example, the government will allow most schools to open by the spring and give a powerful boost to the US economy.
Biden's American Rescue Plan totals $1.9 trillion. About $400 billion will be allocated to the fight against the coronavirus and the bulk of funds will be spent on economic assistance to states and counties. Experts have already assessed the scale of funding. They believe that these measures will help overcome the lingering negative economic consequences of the largest crisis in modern American history.
